BANCI | ENGLISH

The Bucharest Stock Exchange (BVB) will implement a new trading program

Autor:

2015-09-15 11:26

The Bucharest Stock Exchange (BVB) will implement a new trading program starting October 5, 2015, after a set of prerequisites were fulfilled, using new instruments and meeting clients’ expectations, said BVB in a statement.

The change in the structure of the market for shares, in the sense of gaining more relevance of the main market (Regular) versus the negotiable market (Deal) led BVB to introduce a special stage of the market dedicated only to the Deal market. The weight of the main market was 82% vs. 18% for the negotiated market in the first half of 2015, compared to almost even values in the same period of the last year, meaning that most of the trades were realized directly in the market. The changes of the trading program will allow investors a new 20 minutes window for executing trades on the Deal market only for shares, ETFs and fund units, with the possibility to settle on flexible terms (T+1 or T+2), on gross basis.

The new conditions for a more active trading, that will be effective as of September 21, with the implementation of new tick size rules, in the sense of raising the trading price ranges compared to the current ones, set the premises to shorten the trading day for the shares and fund units traded at BVB.

Last, but not least, BVB envisaged a standardization of the closing time for the main traded instruments, expected by the company’s clients. Starting October 5, the continuous trading will end at the same time for shares, fund units, ETFs, bonds and government market traded on the Regulated market.

“Committed to its actual and future investors, we are constantly looking for tools and measures to improve the market, that should offer opportunities for the investors that are trading every day, or execute intra-day trades, following their strategy to earn money”, stated Ludwik Sobolewski, BVB CEO.

Starting October 5, 2015, the continuous trading for all above mentioned instruments will end at 17:55 for the main market, followed by 5 minutes for the Pre-Closing phase. In addition 10 minutes for the Trading at Last phase will follow and the Deals market will remain open until 18:30 for shares, ETFs and fund units.

Taguri:

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii